Special session debates business privilege tax hike

Governor Eddie Calvo called senators into special session Wednesday seeking immediate action on his bill to raise the Business Privilege Tax by 50% to replace an estimated $67 million in lost revenue as a result of the Trump tax reforms. But the administration's fiscal team projects that increasing the BPT from 4% to 6% will generate $120 million. Calvo also plans to use some of the money for the hospital and education. Senators met, but adjourned shortly after, with Speaker BJ Cruz...